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The retail industry of India is booming at a rapid pace in the recent times. Tier 1 cities
of India like Delhi, Mumbai, and Bangalore have received greater economic and social
contributions from the malls not only in India but also around the globe. Spencer Plaza,
Chennai, is the first mall to be opened up in Indian history. Spencer Plaza started its
operation in the year 1863. Even, Tier-2 cities like Coimbatore are now witnessing the
same phenomenon. In Coimbatore, already two such shopping malls have come up,
and many more malls are all set to conquer the city. A mall is a place which has a collection of independent retail stores, services and a vast parking area; they also contain
restaurants, banks, theaters, professional offices, service stations, etc. Mall shopping is a
buzzword for Indian youth. Mall culture is viewed as a significant change in the lifestyle
of Indians, as shopping is no longer an activity of buying things but also viewed as a
status symbol and a one-stop retail solution. Coimbatore, which is known as the
‘Manchester of South India’, has a population of about 3,472,578 according to 2011
census, with a GDP per capita of 19,930, standing next to Chennai and Kanchipuram.
This shows that people of Coimbatore have deep pockets. It is said that Coimbatore’s
revenue growth is nearly twice as much as all-India growth. Despite the slow moving
national economy, revenue growth of Coimbatore zone was 65% in 2011, and it is the
second highest, next only to the state capital, Chennai. A large number of Coimbatore
consumers have at least one car and need parking space while shopping. This clearly
shows that the shopping habits of the people of Coimbatore have changed and will keep
changing. To meet the changing habits of customers, retail stores had to change
themselves. This led to the development of mall culture in Coimbatore. This study
focuses on the factors influencing the consumer preference towards malls in Coimbatore
and frequency of shopping attitude after the establishment of malls. Comfort,
entertainment, fashion, food court, window shopping, multibrand portfolio, quality,
mall essence, convenience, attractiveness and luxury are the factors considered for the
study.
This is the first study to provide an insight into mall attractiveness factors in a
Tier-2 South Indian city like Coimbatore. The objective of the study is to explore and
identify the craze of Coimbatorians for malls, drastically changing their lifestyle.
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